When a documentary collection as a method of payment is used in international transactions,
A) the importer's bank will pay immediately if it is a document against acceptance
B) the importer's bank will pay on the specified date if it is a document against payment
C) it is less expensive than a letter of credit
D) it is often used with shipments by air
E) it is commonly used when the parties are not familiar with each other
Correct Answer:
Verified
Q26: In international banking
A) all commercial banks have
Q27: In international banking
A) deposits of foreign branches
Q28: The following is true for offshore banks
Q29: When an advance payment is used as
Q30: When a letter of credit is used
Q32: In an open revolving account
A) an exporter
Q33: Under methods of payments in international transactions,
A)
Q34: In global shipping:
A) Tanker carriers transport mostly
Q35: Among global stock exchange markets,
A) the London
Q36: In the global depository market,
A) The popularity
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